Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Several trading houses in Japan have received offers for aluminium in the second quarter of 2021 to main Japanese ports (MJPs) from two producers at premiums of $149 and $165 per tonne over the London Metal Exchange cash price, market sources said on Friday February 26. The latest offer at $165 per tonne is 27% higher than the cif MJP premium for the first quarter of 2021, which settled at $130 pe...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
Here are five Fastmarkets MB stories you might have missed on Friday February 26 that are worth another look.Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on Thursday February 25.Brazilian miner Vale has cut the forecast for its...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures gained 36 points in pre-opening trade. Strength was trigger by strength in Far East equity markets. The Shanghai Composite Index added 1.21% and the Nikkei Average advanced 2.41%. China is expected to announce its five year economic plan tomorrow.Berskshire Hathaway advanced $4.99 to $245.50 after releasing its annual report....Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
All futures prices on the London Metal Exchange showed decreases of more than 3% at the close of trading on Friday February 26, with a mix of consolidation and profit-taking on the base-metals complex just a few days after they all rallied to new year-to-date highs.Lead and zinc's three-month prices were down by 5% and 3.4% respectively at the 5pm close, to $2,052.50 per tonne and $2,792.50 per to...Read More
London Metal Exchange metals prices were all lower on Friday February 26, following a spike in US 10-year Treasury bonds and a higher US Dollar Index.Tin and copper futures prices fell from their recent highs amid profit-taking, while nickel dropped below $19,000 per tonne.Yields on the 10-year US Treasury bonds jumped to 1.6% on Thursday before drifting down to 1.43% on Friday morning, but the ri...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday February 26.China Low-grade seaborne prices jumped after South African miners raised their offers due to rising freight costs and expectations of lower shipments in the coming weeks following logistical disruptions. High-grade prices also edged up amid improving downstream sentiment. The stronger ra...Read More
The spot market for copper concentrate was little changed in the week ended Friday February 26, despite a flurry of lower bids and offers.Fastmarkets' copper concentrates TC index, cif Asia Pacific, was $35.80 per tonne on Friday, the same as a week before and the lowest price on records that go back to 2013.Several market participants cited a...Read More
Fastmarkets will publish its first low-carbon aluminium differentials for primary aluminium (P1020A) and value-added products in Europe on Friday March 5.A "green" supply chain has been a key focus for the aluminium market over the past few years. One main point of discussion has been whether low-carbon aluminium can fetch a premium due to its "green" status.Fastmarkets aims to bring transparency...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou and Sybil Pan...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More
Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.The decision came after meetings to determine customs values, held on January 14 and February 3 with key industry stakeholders - including the Federation of Pakistan Chambers of Commerce & Industry (FPCC&I), t...Read More
Steel scrap prices have increased across all major markets over the week to Friday February 26, driven by strengthening steel markets and a jump in bulk freight rates.Turkish mills continue to book cargoes at higher pricesUS export prices rise in sales to South Korea, TurkeyVietnamese buyers juggle tight billet-scrap spreadsTaiwan import market boosted by strong freight ratesIndia market mirrors i...Read More